615-619 Oak Street
Multifamily | 4 Units | $160,000/unit
Marketing description
Introducing a prime investment opportunity in the Columbus area, this mid-rise property offers an ideal multifamily investment with four spacious units. With ample rear parking and a tranquil setting, it presents a compelling investment package. Each of the two-bedroom units ensures comfortable living spaces for tenants. The property's distribution of two first-floor units and two second-floor units adds to its appeal, while the existing below-market rents present a significant value-add opportunity. Currently, three units are leased, underpinning immediate income potential, with one vacancy offering the potential for further optimization.
Investment highlights
Minutes from downtown Columbus
Ample parking in the rear
Quiet area
Two bedroom units, approximately 1400 SF each
Two first-floor units, two second-floor units
Below market rents
Three units currently leased, one vacancy
Please do not disturb the tenants. Call to schedule a walk through
Current monthly gross income is $3,650, with one vacancy asking $1,350 per month; once leased gross income will be $5,000 per month
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